Employee Benefits in Mexico 2017

Market: Financial Services

Mexico, 60 pages report, published by GlobalData

Report ThumbnailFebruary-2018
Employee Benefits in Mexico 2017

Summary

Mexico’s social security system was introduced in 1942 and has since evolved in terms of scope and coverage. The Mexican Social Security Institute (IMSS) and the Institute for Security and Social Services for Government Workers (ISSSTE) are the governing bodies of social security system. The existing social security system was introduced on July 1, 1997 and is based on defined contributions instead of the earlier pay-as-you-go system. The system provide

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  • List of Figures
  • Figure 1: Mexico - Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Mexico - Country Statistics
  • Table 3: Minimum Wage in 2015
  • Table 4: Early Retirement Age for Government Workers With 30 Years of Contributions
  • Table 5: Early Retirement Age for Government Workers with 15 Years of Contributions
  • Table 6: Percentage of Wages for Basic Amount and Annual Increase
  • Table 7: Early Retirement Pension Percentage for Government Workers
  • Table 8: Unemployment Old-Age Pension
  • Table 9: Dependent’s Supplement Pensio
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN MEXICO
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Pensionable salary
  • 6.1.6 Benefits
  • 6.1.7 Payment Options
  • 6.1.8 Typical employer practice
  • 6.1.9 Employee and employer contributions
  • 6.1.10 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2
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